Franklin Street (FSP) director receives $45,000 stock grant of 80,342 shares

Rhea-AI Filing Summary

Bitterman Jennifer reported acquisition or exercise transactions in this Form 4 filing.

Franklin Street Properties director Jennifer Bitterman received a stock grant of 80,342 shares of Common Stock as compensation. The award was issued under the Franklin Street Properties Corp. 2002 Stock Incentive Plan and was valued at $45,000, based on a $0.5601 closing share price on the grant date. Following this grant, she directly owns 80,342 shares. This is a compensation-related grant, not an open-market purchase.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Bitterman Jennifer

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	80,342	$0.00	--

Holdings After Transaction: Common Stock — 80,342 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Stock grant size: 80,342 shares Award value: $45,000 Grant pricing reference: $0.5601 per share +1 more

4 metrics

Stock grant size 80,342 shares Common Stock awarded to director on grant date

Award value $45,000 Equity compensation value used to size share grant

Grant pricing reference $0.5601 per share Closing price on grant date used to calculate shares

Shares owned after grant 80,342 shares Total direct holdings following reported transaction

Key Terms

2002 Stock Incentive Plan, grant date, Common Stock

3 terms

2002 Stock Incentive Plan financial

"The shares were issued to the reporting person pursuant to the Franklin Street Properties Corp. 2002 Stock Incentive Plan."

grant date financial

"the closing price of the Issuer's common stock on the grant date."

The grant date is the day a company formally gives an employee or contractor the right to receive stock-based compensation, such as stock options or restricted shares. It matters to investors because it fixes key terms—like the price, the start of the ownership clock, and when the award will affect the company’s financial statements and share count—so it can influence dilution, reported expenses, and potential future selling pressure.

Common Stock financial

"security_title: "Common Stock""

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Bitterman Jennifer

(Last) (First) (Middle)

401 EDGEWATER PLACE, SUITE 200

(Street)

WAKEFIELD MASSACHUSETTS 01880

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
FRANKLIN STREET PROPERTIES CORP /MA/ [ FSP ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/28/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/28/2026		A		80,342(1)	A	$0	80,342	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The shares were issued to the reporting person pursuant to the Franklin Street Properties Corp. 2002 Stock Incentive Plan. The number of shares is equal to $45,000 divided by $0.5601, the closing price of the Issuer's common stock on the grant date.

	/s/ Jennifer Bitterman	05/29/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did Franklin Street Properties (FSP) director Jennifer Bitterman report on this Form 4?

Jennifer Bitterman reported receiving a grant of 80,342 Franklin Street Properties common shares. The shares were issued as equity compensation under the company’s 2002 Stock Incentive Plan, rather than bought in the open market, and represent her entire reported direct holding.

How was the size of Jennifer Bitterman’s FSP stock grant determined?

The grant size was set so the award’s value equaled $45,000. The number of shares, 80,342, was calculated by dividing $45,000 by $0.5601, the closing price of Franklin Street Properties common stock on the grant date, according to the Form 4 footnote.

Is Jennifer Bitterman’s Form 4 transaction a stock purchase or compensation grant in FSP shares?

The Form 4 discloses a compensation-related stock grant, not a market purchase. Code “A” and the footnote state the 80,342 Franklin Street Properties shares were issued as an award under the 2002 Stock Incentive Plan, valued using the grant date closing price.

How many Franklin Street Properties (FSP) shares does Jennifer Bitterman hold after this grant?

After the reported transaction, Jennifer Bitterman directly owns 80,342 shares of Franklin Street Properties common stock. The Form 4 shows this post-transaction balance equals the full 80,342-share grant, indicating the award established her disclosed direct ownership position in the company.

What pricing information does the Form 4 give for Jennifer Bitterman’s FSP stock award?

The Form 4 footnote states the 80,342-share award equals $45,000 divided by $0.5601. The $0.5601 figure is described as the closing price of Franklin Street Properties common stock on the grant date, and it was used to size the stock-based compensation.